Nuveen has raised £140m in its latest UK debt strategy.
The first close of its third UK debt strategy attracted several UK and international investors, including US institutional investor TIAA, which owns Nuveen.
The strategy is targeting a total capital raise of £500m, and it is currently in the process of completing its first two loans for the latest venture.
Nuveen’s global debt platform now has more than $41bn of assets under management.
Christian Janssen, head of CRE debt for Europe, said: “At this time, debt investment is at a sweet spot in the market, as it can offer an attractive level of income with a measure of downside protection against short-term volatility, which is particularly prevalent as the UK comes out of the pandemic and establishes its post-Brexit geo-economic position.”
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